Keep an eye on SUNPHARMA it is on the verge of its breakout from a triangular pattern. There is a concert resistance at 526.90 levels. SUNPHARMA has retested these levels multiple times now and there is a good possibility that it is going to break these levels this time.
Reason to Buy:
1) Multiple retesting or concrete resistance levels.
2) Trading over 200 EMA line
3) Steep trendline below each candle.
Calculate Your RR ratio and then trade. Stoploss must below the immediate previous swing. Wait for it to cross, best buy above 530.00 levels.
Comment: No breakout yet still in a parallel channel.
Comment: Few points away from SL.
Trade closed: stop reached: SL hit trade closed Forgot to update


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